KUALA LUMPUR: The domestic market was lifted for a global rally induced by the Federal Reserve's remark overnight that the "disinflationary process has started".
The FBM KLCI tumbled more than 1% when markets closed on Thursday (May 12) while Bursa Malaysia’s Technology index was worst hit among the bourse’s 30 gauges as forecast-beating US inflation dented world markets which are seen taking cue from anticipation of US interest rate hikes to fight rising consumer prices.
CHINA is undeniably a prominent financial market for Malaysian investors, given its growing financial sector and the rapid expansion of its corporate and financial investments globally.
Interest waiver, windfall tax concerns jolt investors theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.
Bursa Technology index up the most after tech share resurgence led Nasdaq to record high theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.